The Senate this weekend is expected to take up the Inflation Reduction Act (H.R. 5376), the latest version of the Build Back Better Act, a roughly $700 billion social spending package that includes health care, climate change and tax provisions. The legislation would extend for three years the American Rescue Plan Act’s expanded subsidies for coverage purchased through the Health Insurance Marketplaces; allow Medicare to negotiate prices for insulin and certain other drugs; implement tax changes and spending subsidies to address climate change; and reduce the deficit by roughly $300 billion, among other provisions. The package requires only a simple majority to pass in the Senate under budget reconciliation procedures. The House is expected to return from recess to consider the legislation once it passes the Senate.

Related News Articles

Headline
As millions of people are losing their Medicaid coverage as a result of the redetermination process, hospitals and health systems are seeing substantial…
Headline
AHA Sept. 20 urged leaders of the Senate Health, Education, Labor and Pensions Committee to remove from the Bipartisan Primary Care and Health Workforce…
Blog
More than 90 million people had access to health care through Medicaid’s pandemic-related continuous coverage provisions. That coverage ended March 31, 2023,…
Headline
Certain policy decisions and challenges in implementing the No Surprises Act have undermined the unbiased and timely process Congress intended and contributed…
Headline
The AHA and American Medical Association Sept. 18 urged the U.S. Court of Appeals for the 5th Circuit to affirm a district court decision that invalidated a No…
Headline
This October through December under the Inflation Reduction Act, Medicare will reduce the beneficiary coinsurance amount for 34 Part B prescription drugs …